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| Price $1,367,189 | Built/Renov 1996/2001 | Tenant West Tennessee Healthcare | Endocrinology |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
5,411
| Lease Start
09-01-2022
| #Units
90
|
| Price/SF $252.67 | Expiration
08-31-2032
| Tenant Type Medical/Health |
| NOI $95,703 | R. Term 7.8 | Ownership Fee Simple |
| Rent/SF
$17.69
| Increases 2.0%/1/yrs | Pop 5Mi 64,692 |
| Lot/AC 1.11 | Options 2/5yrs/2% | AHHI 5Mi $81,938 |
| | |
The asset is strategically located on Physicians Drive, with access to 48,193 vehicles passing by daily. It is surrounded by well-known national tenants, including Arby's, Outback Steakhouse, Starbucks, Smoothie King, Tropical Cafe, and more. Nearby car dealerships include Kia and Chevrolet, among others. Educational institutions in the area include the University School of Jackson, Pope...
...Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway close
Income tax free state
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Credit rated company
West Tennessee Health Care is a public, not-for-profit, multi-specialty healthcare provider with 90 different hospitals and medical centers serving more than half a million patients a year across...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
